This is not a day to celebrate - though it is nice to see a down day every so often. Anyway, I think we go lower tomorrow to test support at the bottom trend line. That is the test to see where we are headed. If we bounce off that line tomorrow and close higher. I will close my newest shorts. I did take my profits on my JCP and SWKS shorts today.
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Hi David ,
I think we expect the same thing , relieve the overbought and then the climatic rise that is never going to end , until it does , ( 2007 )
I am a bit afraid this correction may be sideways , hope not . but I will be ware of a triangle.
$ Looks like wave 4 of 5 may have started tonight , if so that leaves one more up to go b4 correction wave 2 . A 50% or 61%
$ correction would seem to line up with the " bull blast "
Can we get some follow thew , from today , I hope so
Lets make some money on both sides
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